{"id":1004051520,"date":"2012-04-22T19:37:13","date_gmt":"2012-04-23T03:37:13","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=44676"},"modified":"2022-12-08T20:17:24","modified_gmt":"2022-12-09T04:17:24","slug":"kpmg-centre-valley-view-posted-for-foreclosure-auctions","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/kpmg-centre-valley-view-posted-for-foreclosure-auctions\/","title":{"rendered":"KPMG Centre, Valley View Posted for Foreclosure Auctions"},"content":{"rendered":"

\"\"<\/a>By Camelia Bulea, Associate Editor<\/p>\n

The 34-story KPMG Center in downtown Dallas (pictured at right)<\/em> and Valley View Center, a 1.6 million-square-foot retail property, have been posted for foreclosure auctions.<\/p>\n

According to the Dallas Business Journal, <\/em>KPMG Center has $64 million in listed debt, even though it is appraised at $44 million, while Valley View Center has been posted with $125 million in listed debt, even though it was last appraised at $32.8 million. The latter is being listed for foreclosure for the second time.<\/p>\n

The past year has seen quite a few distressed properties, although not many proceeding to foreclosure, George Roddy Sr., president of Addison-based Foreclosure Listing Service Inc., told the Dallas Business Journal<\/em>. He added that the bigger properties are posted for foreclosure several times before they are sold at auction.<\/p>\n

The 828,000-square-foot office tower was built in 1980 and was last renovated in 2007. Its lead tenant, accounting firm KPMG, has a lease expiring in 2015. KPMG has 247,000 square feet in the building, which is 71 percent occupied.<\/p>\n

The mall was developed in 1973 and is now owned by LNR Partners Inc. and managed by Jones Lang LaSalle Inc., according to Wikipedia.org<\/em>.<\/p>\n

Meanwhile, the Market at Valley Parkway, an 85,518-square-foot community retail center, was recently acquired by Lewisville Grove Parkway Ltd., a limited partnership assembled by The Weitzman Group\u00a0and Cencor Realty Services, for an undisclosed sum. Among the center\u2019s tenants are names like Tom Thumb, The UPS Store, Great Clips, Edward Jones, H&R Block and State Farm, according to the Dallas Business Journal<\/em>.<\/p>\n

Photo credits: Wikipedia.org<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

By Camelia Bulea, Associate Editor The 34-story KPMG Center in downtown Dallas (pictured at right) and Valley View Center, a 1.6 million-square-foot retail property, have been posted for foreclosure auctions. According to the Dallas Business Journal, KPMG Center has $64 million in listed debt, even though it is appraised at $44 million, while Valley View […]<\/p>\n","protected":false},"author":271,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21742,21747,21749],"tags":[],"class_list":["post-1004051520","post","type-post","status-publish","format-standard","hentry","category-dallas","category-latest","category-office","category-retail"],"acf":[],"yoast_head":"\nKPMG Centre, Valley View Posted for Foreclosure Auctions - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/kpmg-centre-valley-view-posted-for-foreclosure-auctions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KPMG Centre, Valley View Posted for Foreclosure Auctions\" \/>\n<meta property=\"og:description\" content=\"By Camelia Bulea, Associate Editor The 34-story KPMG Center in downtown Dallas (pictured at right) and Valley View Center, a 1.6 million-square-foot retail property, have been posted for foreclosure auctions. 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